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US Biofuels Update: Soybean Futures Head to Holiday-Weekend Lower

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The biofuels feedstock futures closed lower on Friday, with profit-taking pressuring prices.

November soybean future contracts on the Chicago Board of Trade closed 0.49 lower on Friday at $13.09 per bushel. The CBOT October soybean oil futures contract settled 1.06% lower at 68.89 cents per pound.

The NYMEX September ethanol futures contract settled 0.36% higher on Wednesday at $2.10 per gallon.

Rhett Montgomery, a DTN analyst, said soybean futures were marginally lower to close the week, but with minimal damage from a technical standpoint. Many traders likely called it an extended weekend, with markets closed on Monday for the Labor Day holiday.

"Fundamentally bullish arguments remain valid for the soybean market, with less-than-ideal weather through the second half of August and first week of September in many areas across the U.S. Midwest. This coincides with rampant demand, with US Department of Agriculture reporting a flash export sale every day this week," Montgomery said.

USDA reported Friday sales of 250,600 metric tons of soybeans for delivery to unknown destinations during the 2026/2027 marketing year.

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